Bank Of China
Bank of China (BOC), one of the oldest and most prestigious financial institutions in China, was founded in 1912. Headquartered in Beijing, CN, BOC operates extensively across Asia, Europe, and the Americas, providing a wide range of banking and financial services. As a key player in the banking industry, BOC offers services including corporate banking, personal banking, investment banking, and wealth management, distinguished by its strong international presence and comprehensive product offerings. With a commitment to innovation and customer service, Bank of China has achieved significant milestones, including being one of the first Chinese banks to establish a global footprint. Its market position is reinforced by its ranking among the largest banks in the world, making it a trusted partner for both individual and corporate clients seeking reliable financial solutions.
DitchCarbon Score
How does Bank Of China's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of China's score of 35 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Bank Of China's reported carbon emissions
In 2023, Bank of China (BOC) reported total carbon emissions of approximately 1,594,093,000 kg CO2e. This figure includes 84,740,000 kg CO2e from Scope 1 emissions, 1,509,353,000 kg CO2e from Scope 2 emissions, and 6,466,000 kg CO2e from Scope 3 emissions, specifically from waste generated in operations. The total emissions for 2022 were slightly lower at about 1,537,546,000 kg CO2e, indicating a trend in emissions management. BOC has set ambitious targets to reduce its carbon footprint. The bank aims for a 40% reduction in absolute carbon emissions by 2025, applicable to both Scope 1 and Scope 2 emissions. Additionally, BOC plans to achieve operational carbon neutrality within its jurisdiction by 2030 and intends to assist upstream and downstream companies in reducing emissions through supply chain management from 2030 to 2050. Long-term commitments include a target to reduce Scope 1 and Scope 2 emissions by 50% by 2050, using 2020 as the baseline year. Furthermore, BOC has ceased financing for new coal mining and coal power projects outside of China since the fourth quarter of 2021, reinforcing its commitment to sustainable practices. Overall, Bank of China's climate commitments reflect a proactive approach to managing carbon emissions and contributing to global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 88,718,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,498,463,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of China is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
